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MHP S.A. Announces Results Of Tender Offer

MHP S.A. Announces Results Of Tender Offer

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

PR Newswire

LONDON, May 16, 2017 /PRNewswire/ — MHP S.A. (the “Company“) today announces that (i) the conditions to the Company’s previously announced cash tender offer (the “Tender Offer“), are expected to be satisfied or waived prior to the Payment Date, (ii) holders (“Noteholders“) of U.S.$245,200,000 aggregate principal amount of the Company’s outstanding U.S.$750,000,000 8.25% Notes due 2 April 2020 (the “Notes“) validly tendered their Notes on or prior to 11:59 p.m. (New York City time) on 15 May 2017 (the “Expiration Deadline“), (iii) the Company has accepted for purchase all validly tendered Notes as set forth in the table below and (iv) the aggregate principal amount of Notes outstanding following completion of the Tender Offer is U.S.$504,800,000. The Tender Offer was made on the terms and conditions as set forth in a tender offer memorandum dated 18 April 2017 (as it may be amended or supplemented from time to time, the “Tender Offer Memorandum“) in accordance with the procedures described therein and as modified by the Company in its announcement on 24 April 2017. Capitalized terms used but not otherwise defined in this announcement have the same meanings given to them in the Tender Offer Memorandum.

Description of the Notes



Regulation S

Notes


Rule 144A

Notes


Principal Amount of

Notes Accepted for

Purchase


Outstanding Principal

Amount Following

Settlement of the Tender

Offer










U.S.$750,000,000 8.25%

Notes due 2 April 2020


Common Code

078395044 /

ISIN:

USL6366MAC75

/ CUSIP:

L6366MAC7


Common Code

078395079 /

ISIN:

US55302TAC99

/ CUSIP:

55302TAC9


U.S.$245,200,000


U.S.$504,800,000

The Tender Offer has now expired and no further Notes can be tendered for purchase. The Notes acquired in the Tender Offer will be cancelled. Notes that have not been successfully tendered for purchase and accepted by the Company pursuant to the Tender Offer will remain outstanding and will remain subject to the indenture governing the Notes.

For Further Information

Further details about the Tender Offer can be obtained from:

The Joint Dealer Managers




J.P. Morgan Securities plc

Telephone: +44 20 7134 2468

E-mail: em_europe_lm@jpmorgan.com

Attention: Liability Management

ING Bank N.V., London Branch

Telephone: +44 20 7767 5107

Email: liability.management@uk.ing.com

Attention: Global Debt Syndicate



The Information and Tender Agent




D.F. King Limited

Email: MHP@dfkingltd.com

Tender Offer Website: https://sites.dfkingltd.com/mhp

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mhp-sa-announces-results-of-tender-offer-300458382.html

SOURCE MHP S.A.

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